iBio Inc (IBIO)

[redspeed]

Was there any restrictions on the 5,287,278 shares of common stock or did they dump it on the noob IBIO stock analyst head again between $4-$5?

Fools him every time for years. Couldn't ask for a better foil.

iBio Announces $15.0 Million Private Placement
MARCH 26, 2024 7:35PM EDT

Pursuant to the terms of the securities purchase agreement, the Company is selling an aggregate of 5,287,278 shares of common stock (or pre-funded warrant in lieu thereof) and common warrants to purchase up to 5,287,278 shares of common stock at a purchase price of $2.85 per share (or pre-funded warrant in lieu thereof), subject to certain beneficial ownership limitations set by each holder. The warrants issued in the offering are exercisable six (6) months upon issuance at an exercise price of $2.64 per share and will expire five years from the date of issuance.